|This page updates at about 2pm West Coast time each day.|
It contains the pricing for the UAN futures contracts that traded during the day.
Q1 is above $330/ton for UAN fertilizer now.
It tells us where fertilizer pricing is going.
We are now in the weakest season for fertilizer. There is no fresh planting now. The current buyers of fertilizer are restocking what they sold in Q2 planting season, in preparation for future sales. Prices are weak, until November when they start to rise as customers buy from spring planting season.
Nevertheless, prices are going up. Above $300/ton for UAN fertilizer, UAN the MLP will shit money like there is no tomorrow.
Why the market doesn't see this is also beyond me. I'm not a fertilizer expert, and I know this. Where are the agriculture investment specialists?